To: Charles A. King who wrote (10018 ) 10/31/1998 8:08:00 AM From: Charles A. King Read Replies (1) | Respond to of 13091
Here is an editorial that seems to say that the central Chinese government is moving slowly but surely in the direction of what we would call a modern political state rather than a communist one. I think the Red Chinese rulers want to do that but as we can see in Russia, after having been indoctrinated in the concept that capitalism is similar to criminality, when the government suddenly says capitalism is allowed, a lot of their people tend to throw off the old legal harness and go criminal. Another difference between communism and capitalism is political control. The central government can't just suddenly let go of control because then you have Russia's problem of the country being taken over by a combination of communists and crazy nationalists who easily could take their country into some sort of war. Using the Russian mess as an example of how not to do it, maybe the Chinese government's struggles can be seen as a good faith effort to modernize China by guiding it carefully with strict controls. If GRNO is successful in doing a deal in Red China, and many other American companies seem to be successful so far, maybe we will have a wildly successful investment after all.pathfinder.com Also, here is another web page with interesting infomation about China.megastories.com In a link from that page, an interview says, What many people don't realise is that it is now in th top 10 suppliers of capital to world markets. They supply more capital to world markets than many European countries for example. So it's not just a recipient of investment it's a major investor itself. Where? The Chinese have invested in virtually every economy in the world. The biggest concentrations are in Canada and Australia for raw material supply, forestry, mines, fishing etc. But they're also increasingly investing in Europe." I sure wish GRNO could get a piece of that. Charles